Scholarships to Study in USA: Types, Eligibility, Amount and Educational Loans

Scholarships to Study in USA: Types, Eligibility, Amount and Educational Loans

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Arijit Dutta

Study Abroad Content Writer at Collegedunia | Updated On - May 16, 2024

Highlights:

  • Popular scholarships to study in the USA include Clark merit scholarships, MIT Sloan Social Impact Fellowship, Joseph Wharton Fellowship, Stanford GSB Need-based Fellowship, etc.
  • Stanford GSB Need-based Fellowship awards the maximum scholarship value of up to USD 88,000.
  • Fully funded scholarships such as Full Bright, ACI Foundation provide a value of up to USD 65,000 to international students.
  • Educational loans can also be availed from a co-signer who is living in the USA for a minimum 2 years

There are nearly 1100 scholarships available in USA for the Indian students. Popular universities such as Harvard University, Stanford University, and Columbia provide scholarships to international students based on their past academic records.

  • Some popular scholarships to study in USA for Indian students include Full Bright Nehru Fellowships, You are Welcome Here Scholarship, Inlaks Shivdasani Foundation Scholarships, etc.
  • The amount for these scholarships may range from 3,000 USD - 85,000 USD (INR 2,50,474.80 - 70,96,786.), depending on the type.

Apart from the cost of studying, an international candidate is also required to maintain the living expenses. These expenses include accommodation costs, food expenses, transportation, etc.

  • The average cost of living in the USA is around 30,000 USD (INR 25,05,427.50). It is nearly 234% higher than in India.
  • Scholarships such as the American University Emerging Global Leader Scholarship, Civil Society Leadership Award cover the accommodation cost of an international candidate.

There are nearly 1 million international students who apply for the scholarships to study in USA. The competition for popular scholarships to study in USA is quite high, with a 10-12% chance of securing a scholarship. Wondering how to apply for US scholarships to study abroad? Then, you must follow the below-given steps:

  • Visit the official website of the university.
  • Register in the portal.
  • Submit proper academic results
  • Provide bank statements (for need-based scholarships).
  • Submit the application.
  • You will be notified via mail if granted.

Undergraduate Scholarships in USA

To apply to different programs and universities in USA, international students need to demonstrate proof of availability of finances in their account. Candidates applying from India to the UG programs in USA can apply for the following scholarships:

Scholarship Application Deadline 2024 Awarded To Award Amount
American University Emerging Global Leader Scholarship January 15 International students pursuing a bachelor’s degree in an American university Covers the tuition and accommodation expenses
ICSP Scholarship at University of Oregon February 16 International students demonstrating financial need and academic merit Partial tuition waiver, renewable every year
Clark Merit Scholarships February 1 Excellent academic ability Varies
Yale Scholarship January 10 Awarded to international students based on their merit Up to 70,000 USD (INR 58,44,412)

USD 1 = INR 83.49 as on May 7, 2024

Graduate Scholarships to Study in USA

If you are applying for graduate programs, you can avail of different full scholarships to study in USA. Some most popular and available scholarships to study in the USA for graduate programs are given below:

Scholarship Application Deadline 2024 Awarded To Award Amount
PEO International Peace Scholarship For Women September 15 International women students pursuing graduate programs in the USA 12,500 USD (INR 10,43,645)
Obama Foundation Scholars’ Program Closed Individuals making a difference in civil society, in the private sector and public sector Covers the tuition fees
Civil Society Leadership Award September 15 Awarded to international students based on their academic merit Covers tuition and travel expenses, living expenses
Rotary Peace Fellowships February 2024 onwards International students pursuing a Professional Development Certificate Program or Masters’ Degree Program related to peace and conflict resolution. Fully funded, covers the tuition fees, transportation expenses, etc.

USD 1 = INR 83.49 as on May 7, 2024

MBA Scholarships for Indian Students

For candidates applying to the MBA programs in USA, the following scholarships are available:

Scholarship Application Deadline 2024 Eligibility Award Amount
Stanford GSB Need-based Fellowship March 22 Awarded on a financial need basis Up to 88,000 USD USD (INR 73,49,804)
Stanford GSB Bold Fellows Fund TBD Students with demonstrated financial hardships and commitment to advancing diversity, equity, and inclusion. Up to 30,000 USD (INR 25,05,615)
Joseph Warton Fellowship May 15 Outstanding academic achievement Varies
George Leadership Fellowship N/A Students must have leadership skills Varies
MIT Sloan Social Impact Fellowship April 26 MBA students taking part in societal challenges in their internship 20,000 USD (INR 16,70,410)
Charles J. Schaniel Scholarship Feb 4 Outstanding academic achievement Varies

PhD Scholarships to Study in USA

International scholarships to study in USA are also available for PhD candidates in the top universities of USA. They are awarded based on their research excellence, publications, etc. Given below are the scholarships to study in the USA for international students pursuing a PhD program:

Scholarship Application Deadline 2024 Awarded To Award Amount
Franklin Mosher Baldwin Memorial Fellowship February 15 Must be enrolled in a P.hD program Awarded on merit basis 12,000 USD (INR 10,01,899.20)
HHMI International Student Research Fellowships May 15 Must demonstrate excellent talent and innovation in research Stipend of 30,000 USD (INR 25,04,748)
Campbell Fellowships for Transformative Research April 2 Available to the female students A personal statement of minimum 150 words describing the purpose, goals, and objectives of applicant’s research project 4,500 USD (INR 3,75,712.20) per month
IBM PhD Fellowship Awards Program N/A Must be enrolled in a full-time PhD program Awarded o the basis of research excellence Academic standings, publications, and endorsements by the applicant Up to 25,000 USD (INR 20,87,290)

USD 1 = INR 83.49 as on May 7, 2024

Fully Funded Scholarships in USA

Given below are the fully funded scholarships to study in USA for international students:

Scholarship Eligibility Amount
Fulbright Scholarships Excellent academic record Up to 42,000 USD (INR 35,07,861)
ACI Foundation Scholarship Outstanding academic achievement Up to 15,000 USD (INR 12,52,807.50)
Yale University Scholarships Must be enrolled in a UG, PG or Doctoral program at Yale University. Awarded on merit basis Up to 65,000 USD (INR 54,28,832.50)
Stanford University Scholarships Must pursue a full time program in Stanford University Excellent academic record Fully funded

Fellowships in the USA

Postdoctoral Fellowship at Princeton University

  • Applications Deadline: August 6, 2024 (First Tuesday of August)
  • Eligibility: International students in Princeton University pursuing a Postdoctoral program in the Liberal Arts, an interdisciplinary group of scholars in the humanities, social sciences, and selected natural sciences.
  • Benefit: Annual salary of approx. 88,800 USD, a 5,000 USD research account, access to university grants, a shared office, a personal computer, and other resources.

IRH Brute Postdoctoral International Fellowship in Spanish Poetry

  • Applications Deadline: October 26 (Closed)
  • Eligibility: International students who have completed their doctorate degree and doing research work in Spanish poetry.
  • Benefits: Annual stipend of 60,000 USD (INR 50,09,496), health benefits, office space, access to university facilities, and support services.

Thomas F. Deutsch Postdoctoral Research Fellowship for International Students

  • Application Deadline: June 2024
  • Eligibility: International students pursuing postdoctoral research program in 4 areas of Optical Coherence Tomography, In Vivo Microscope, Micro-Optical and Point-of-Care Devices, and Photodynamic Therapy (PDT)
  • Benefit: Up to 2000 USD (INR 16,6,983.20)

Documents Required for Scholarships in USA

Important documents are also required for a successful scholarship in USA. The required documents are given below:

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International Student Loan to Study in USA

There are also certain loan facilities available for the aspiring international students in USA.

However, you must be aware of certain factors before applying to any educational loans to study in the US:

  • International students can apply for a student loan in USA at any time of the year, depending on whether they have qualified in all the exams to study in USA.
  • These loans can cover all tuition costs minus any other financial aid available.
  • Most lenders in the USA require an international student to have a co-signer.
  • The co-signer should be a U.S. citizen with good credit history and has lived in the USA for the past 2 years.
  • Attending an eligible school, demonstrating high career potential, and planning on graduating within the next two years are the few eligibility criteria.

Tips to Avail a US Scholarship

Given below are some tips to avail a US scholarship effectively:

  • Try to get strong recommendation letters from past teachers or professors
  • Highlight your goals and achievements properly in the application
  • Apply within the mentioned scholarship deadline
  • Make sure to include the updated and authenticated documents

You can also appoint an educational counselor to know in detail about the application process and how to get scholarships to study in USA. The university officials can also be contacted via email or phone to determine the availability of certain scholarships in a particular year.

FAQs

Ques. How can I get a full scholarship to study in the USA?

Ans. To get a full scholarship in USA, you must maintain good academic performance, improve your English Proficiency, prepare strong application documents, etc.

Ques. Do Indian students get scholarships in the USA?

Ans. Yes, Indian students also get the opportunity to avail international scholarships. However. They must prove their academic merit and grades for the same.

Ques. Does IELTS score matter for scholarship?

Ans. Yes, IELTS along with scores of TOEFL, PTE, DET are mandatory for the scholarships in USA. Some scholarships also require a competitive GPA score.

Ques. Which intake is best for scholarship in USA?

Ans. The fall intake is considered the best for scholarships in USA. In the fall intake, the number of admissions are quite high and as a result the availability of scholarships are also more for international students.

Ques. What are some of the popular scholarships to study in the USA?

Ans. Some popular scholarships to study in USA for Indian students include Full bright Nehru Fellowships, You are Welcome Here Scholarship, Inlaks Shivdasani Foundation Scholarships, etc.

Ques. What are the chances of getting a scholarship for international students?

Ans. The competition for popular scholarships to study in USA is quite high with 10-12% chance of securing a scholarship, as the scholarship amount varies​

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